At Variational's current revenue and OLP run rate (revenue + OLP PnL rate), in 6 week Variational will exceed Hyperliquid's pre-TGE revenue.

Just wait until tomorrow hehe 😈

昨晚去参加 @variational_io 私人晚宴，分享几个信息 内幕一，@NamishibaHQ 老师分享，两周后就开公共主网，无需邀请码注册。我预估按 Lighter 刻舟求剑，再一个月后 TGE ？ 我记得 Mito 说过团队根本不想拖，本来直接 9 月底就会发的。那就可能是 11 月底，那就很爽了 内幕二，昨晚 @JustinCBram 祝酒，说 Lucas 飞纽约去参加一个投资人的会议，用了 investment 这个词 我估计：可能有很多大机构非常想投 Var，如果后面再宣布巨大的融资或者是战略合作？那就又是大彩蛋 按照团队一贯的行事风格，每次都超出预期，可能会给我们大惊喜 -- 之前阿豪老师 @Vegahao 问，“你觉得 var 为什么会成功？” ，我想起一件小事： 大概一年前，我两边对冲的单子，早上醒来发现 VAR 这边突然平掉了，单腿我吓惨了。我就去问 @variational_lvs ，他说是预言机出了问题，团队正在处理。我说我没有损失，那我就不管了 三天后，我钱包突然收到一笔转账 1 万多美金。我查链上记录，有人提了几十万美金，给几百个人疯狂打款，有人收了 5 万多美金 我吓惨了，以为是黑客在罗宾汉劫富济贫，链上乱打钱，那笔钱我一直不敢动 很久后，我在 DC 里看到 Mod 老师 @hashcoin0 一个回复，说之前预言机自动平仓的补偿已全部处理 我恍然大悟，这是 Var 给用户打的钱。要是其他团队，不得 tmd 发 10 篇公告找 kol 吹牛逼大肆宣传？ 但 Var 团队根本不在乎，有很多好事做了根本不说，他们认为这是本应该做的事，而且我提前给 Lucas 说了我没有损失，但还是按他们的计价给用户强行打钱！ ✅ 当时我就觉得，这种团队的企业文化太屌了，做好事不留名，坚持做自己正确的事，根本不在乎宣传，他妈的格局超大 -- 昨晚和 @Linenmito 终于喝上很多杯，我问江南这儿看皇帝陵大公园的公寓多少钱？他说 100 平方的估计 250 万美金。看来咱们还得继续努力！不然出国连套房都买不起 还有个搞笑的，Mito 说涪陵乌江榨菜，在韩国是顶级中餐厅才会有，如果是普通餐厅只是酸黄瓜，哈哈哈重庆好屌 当我得知 Mito 年纪时，我真的震惊了，我以为他只有 25 岁，他每周去 5 天健身房，套利界的神，身体又像健美冠军。damn 我回国也要锻炼，不能做一个肥宅 现场来了韩国很多顶级交易员，全是大鲸鱼，遇见了前几天的交易大赛冠军 @GoraeTracker ，又见到了 @Alvin0617 哥，大家一起喝啤酒，香槟，吃北京烤鸭，快乐极了 -- 彩蛋一，var 活动有个彩蛋，幸运饼干🍀 会抽出一张韩语的叮嘱，我的是：祝你的 bag 很重，但你的杠杠很轻 卧槽，简直是对我的交易生涯叮嘱，我记住了 彩蛋二，韩国啤酒的牌子是 Terra，他们真对 luna 念念不忘啊 -- @sjtional 和 @sishido1011 就像家人一样招待我们，@hansolar21 老师给我们讨论 alpha 真是愉快的夜晚，真心感谢，期待下次再见面 每次都有惊喜，不虚此行 variational is generational

Note to founders planning their TGE Do one fat airdrop at TGE to reward bootstrappers and early adopters, minimum 20%+ Have an additional allocation for "Discretionary Community Rewards" that you periodically deploy to incentivize activity you want in an accretive fashion No more of the "seasons" bs. The second season will always suck.

What we’re building, why we think it can be much bigger than a perps DEX, and where we go from here:

km Today reminds me a lot of the response to Hyperliquid’s introduction of “L1 points” just before summer of ‘24. Hyperliquid was absolutely torched that day, by many of the biggest names in the industry. (Enjoy the comment section, a nice stroll down memory lane) Having been a user since May of 2023 and seeing they had just announced HyperBFT + HyperEVM, I knew what this meant: Hyperliquid may have started as a perpetuals DEX, but was being setup to cater for something an order of magnitude greater; an entire ecosystem and beyond. This may upset you, but @Kinetiq_xyz is no longer purely a liquid staking protocol. It is equally set up to cater for an exponentially greater outcome. We are at the bleeding edge of exporting Hyperliquid’s greatest product via @Markets_xyz to a global userbase who may have never heard of a blockchain, and now at the precipice of ushering in a new era of Hyperliquid’s general purpose capabilities via @Enter_Elysium to users and builders who are about to see what happens when you build an extremely performant general purpose layer on top of the most liquid, utilized financial application onchain. KNTQ is at the epicenter of every single Kinetiq product from staking, to Markets to Elysium, and always will be. This is further cemented by publicly ensuring any and all value that accrues from the entirety of Kinetiq’s product suite is directed solely to it. Back to work

A total of 36,800,000 kPoints were distributed through this program. kPoints holders who participated have been allocated 50,000,000 KNTQ. kPoints holders may acquire KNTQ at a fixed price of $0.26/KNTQ for a 10 day claim period. Any unclaimed KNTQ at the end of the 10 day claim period will be returned to the Kinetiq Foundation [@KinetiqFND], allocated towards ecosystem and growth.

On July 15th, Ostium was attacked and roughly $23.75M was taken from the vault. OLP holders bore that loss, and for the two months that followed, you heard far too little from us. That was a mistake, and I take responsibility for the silence. We started Ostium four and a half years ago, right out of college, because we believed Real World Asset perpetuals would be the next killer product to come out of crypto after stablecoins. I believe that as much today as I did then. We pioneered the category. Before the attack we had the second-highest open interest among RWA perp venues and a strong base of core traders. But we were also spread across too many competing priorities, and had begun working to refocus the protocol. The attack forced a decision. We could try to restart everything we'd been doing as quickly as possible, or we could use the moment to build a more focused company. We chose the second. That took longer than it should have to communicate, because recovery, resource allocation, and the future of the business all depended on the same question: what company are we building from here? In trying to have every answer before we spoke, we left you without the information you needed at the moment you needed it most. That made a hard situation worse. I know there's been a lot of speculation about what we were doing. We went quiet, but we didn’t go anywhere. Since July, the team has been developing the next iteration of our trading stack from the ground up, rebuilding our operational and legal footing, and working through significant setbacks, all while sharpening Ostium into a more focused company. I know this plan isn't what many of you hoped for, especially those with larger losses. Meaningful recovery can only come from Ostium's growth, and Stage 2 will give affected holders a stake in it. Thank you to our team, and to everyone who waited for answers you deserved sooner. Our core leadership and senior engineering team remains intact and more committed than ever. Going forward, we will build in the open. We’ll share technical details early on, and will be more incremental than polished. We won't wait until every answer is in hand. We took a hard hit, but we're very much still here. Tomorrow, we'll share what we've been building since July and where Ostium goes next.